Spare Engine Credit definition

Spare Engine Credit means the credit per Firm Spare Engine that IAE will provide to JetBlue, as more particularly described in Article 4 of this Agreement.
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Spare Engine Credit means the credit provided by Xxxxx & Whitney to Spirit as described in Section 3.2 of this Agreement.
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Spare Engine Credit means the credit provided by Xxxxx & Whitney to LATAM as described in Article 4.2 of this Agreement.
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Examples of Spare Engine Credit in a sentence

  • If Airline has purchased and taken delivery of the 2nd Spare Engine prior to delivery of the first Credit Aircraft, the 2nd Spare Engine Credit shall be paid to Airline upon delivery of each Credit Aircraft.

  • The verbal scale and qualitative description are set as follows respectively: never - not at all; sometimes - this means that this effect happens in few times; often - this means that this effect happens frequently; always - this means that this effect happens all the time.

  • The following table states the Unit Base Price and the amount of the Firm Spare Engine Credit for the Firm Spare Engines, which are identified in the Delivery Schedule, and purchased and delivered in accordance with this Agreement.

  • To assist Frontier with spare PW1100G-JM Engine provisioning, Frontier will wire IAE’s account the net invoice corresponding amount below for each such Firm Spare Engine (taking into account the Firm Spare Engine Credit).

  • If the ***** Spare Engine is purchased and delivered subsequent to delivery of the first Credit Aircraft, the ***** Spare Engine Credit for such Aircraft and any other Credit Aircraft which have been so delivered shall be credited against the purchase price of the ***** Spare Engine; thereafter the ***** Spare Engine Credit shall be paid upon delivery of each of the remaining Credit Aircraft.

  • The Parties agree to apply the Firm Spare Engine Credit to the final invoice for the corresponding Firm Spare Engine.

  • IAE shall apply the applicable Spare Engine Credit to the final invoice of each Firm Spare Engine purchased.

  • The Unit Base Price and Firm Spare Engine Credit are subject to [***] in accordance with Article 4.

  • If Airline has purchased and taken delivery of the ***** Spare Engine prior to delivery of the first Credit Aircraft, the ***** Spare Engine Credit shall be paid to Airline upon delivery of each Credit Aircraft.

Related to Spare Engine Credit

  • Facility Production Limit means the production limit placed on the main product(s) or raw materials used by the Facility that represents the design capacity of the Facility and assists in the definition of the operations approved by the Director.

  • Service credit month means a full service credit month or an

  • Compression ignition engine means an internal combustion engine with operating characteristics significantly similar to the theoretical diesel combustion cycle. The regulation of power by controlling fuel supply in lieu of a throttle is indicative of a compression ignition engine.

  • Fixed wing turbine powered aircraft means an aircraft that:

  • Replacement Aircraft means the Aircraft of which a Replacement Airframe is part.

  • Service Credit means the periods of time for which the required contributions have been made to

  • Aircraft means any machine that can derive support in the atmosphere from the reactions of the air other than the reactions of the air against the earth’s surface;

  • Engine Manufacturer means CFM International, Inc.

  • Service credit year means an accumulation of months of

  • First draw sample means a one−liter sample of tap water that has been standing in plumbing pipes at least 6 hours and is collected without flushing the tap.

  • Diesel engine means an engine which works on the compression-ignition principle.

  • Unmanned aircraft means any aircraft operating or designed to operate autonomously or to be piloted remotely without a pilot on board;

  • Civil aircraft means any aircraft other than a public aircraft.

  • APU means the auxiliary power unit of the Aircraft.

  • Airframe means the fuselage, booms, nacelles, cowlings, fairings, airfoil surfaces including rotors (but excluding propellers and rotating airfoils of a powerplant) and landing gear of an aircraft and their accessories and controls;

  • Replacement Airframe means an Airbus A321 aircraft or a comparable or improved model of Manufacturer (except (a) Engines or engines from time to time installed thereon and any and all Parts related to such Engine or engines and (b) Excluded Equipment), that shall have been made subject to the Lien of the Indenture pursuant to Section 7.05 thereof, together with all Parts relating to such aircraft.

  • New Aircraft Has the meaning specified in the Note Purchase Agreement.

  • large aircraft means an aircraft, classified as an aeroplane with a maximum take-off mass of more than 5 700 kg, or a multi-engined helicopter;

  • Commercial aircraft means any civil aircraft used in flight activity for compensation or for hire.

  • Overhaul means the restoration of an aircraft or aircraft component using methods, techniques, and practices acceptable to the Authority, including disassembly, cleaning, and inspection as permitted, repair as necessary, and reassembly; and testing in accordance with approved standards and technical data, or in accordance with current standards and technical data acceptable to the Authority, which have been developed and documented by the State of Design, holder of the type certificate, supplemental type certificate, or a material, part, process, or appliance approval under Parts Manufacturing Authorisation (PMA) or Technical Standard Order (TSO);

  • Leased Aircraft Has the meaning specified in the third recital to this Trust Supplement.

  • Dual-Fuel Engine means an engine that is designed to simultaneously operate with a liquid fuel and a gaseous fuel, both fuels being metered separately, the consumed amount of one of the fuels relative to the other one being able to vary depending on the operation;

  • ro-ro passenger ship means a passenger ship with ro-ro spaces or special category spaces as defined in regulation II-2/3.

  • Minimum Credit Enhancement Test With respect to any Payment Date, a test that will be satisfied if the Subordinate Percentage is greater than or equal to 6.00%.

  • Transit-oriented facility means a facility that houses a transit station in a manner that promotes transit ridership or passenger rail use.

  • aircraft type means all aircraft of the same basic design including all modifications thereto except those modifications which result in a change in handling or flight characteristics;